Bipartisan House Companion Bill to Trade Cheats Act Introduced
Reps. Mike Bost, R-Ill., and Terri Sewell, D-Ala., are co-sponsoring Fighting Trade Cheats Act, a companion to a bill introduced in the Senate in March (see 2303160067).
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It would hike the top penalties for customs fraud and for gross negligence. "The Fighting Trade Cheats Act will provide necessary updates to America’s existing trade laws and the penalties in place for violating them. The legislation more than doubles the penalties currently in place, providing a serious deterrent for bad actors looking to undermine American manufacturers. It also includes a new five-year prohibition on importing products from known violators," according to a press release announcing the bill's introduction.